EFCC Arrests NSIPA Boss, Halima Shehu, over N37.1bn Humanitarian Fraud  The Economic and Financial Crimes Commission (EFCC) has arrested and detained the National Co-ordinator and Chief Executive Officer of the National Social Investment Programme Agency, Halima Shehu. EFCC sources told Economic Confidential that Shehu was arrested...

Why CBN Barred Crypto Bank Account Operators from Cash Withdrawal The Central Bank of Nigeria has instructed banks to decline cash withdrawals from accounts opened for virtual and digital assets transactions due to its new regulations aimed at providing standards for the banking sector. Withdrawals from...

Food Prices Projected to Rise in Nigeria, Others in 2024 – Report Nigeria and other countries across the West Africa region are projected to see increased prices of staple foods such as rice, maize, millet, cereals, etc in 2024. This is according to a report titled...

Banks Borrow N17.85tn from CBN in 2023 Commercial and merchant banks borrowed a whooping N17.85 trillion from the Central Bank of Nigeria (CBN) to meet their daily business obligations amid macro economic challenges in 2023. This presents an increase of 60 per cent over the N11.15...

Stock Market Opens Positive as Investors Gain N666bn on First Trading Day The market capitalisation of the Nigerian Exchange Limited rose by 1.63 per cent on Tuesday, the first day of trading in the New Year, thus adding about N666bn to the wealth of investors...

FCMB, FBNH, GTCO Join NGX as Others Exit Banking Index The review of the indexes done by the Nigerian Exchange Limited has seen some banking stocks, such as FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc, added to the...